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dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) (" dynaCERT " or the "Company") is pleased to announce that it will be installing its HydraGEN™ Technology Units on logging equipment and heavy-duty trucks owned by Fiorentino Bros. Contracting Ltd. ("FBC").
FBC owns over 100 units of heavy equipment and a fleet of over 70 motor vehicles. The proprietary HydraGEN™ Technology of dynaCERT will be installed on Caterpillar Graders and a Freightliner lowbed truck servicing the forestry industry in British Columbia. The HydraGEN™ Technology is designed to reduce emissions and save fuel and maintenance costs.
Jim Fiorentino, General Manager of FBC, stated, "At FBC, we are committed to helping our clients complete their projects in a safe, profitable, and environmentally sustainable manner. We are pleased to support our clients in providing the products and infrastructure that people need, while reducing our environmental footprint, and costs for fuel equipment maintenance. The HydraGEN™ Technology of dynaCERT helps us meet our ESG goals and will contribute as a major step forward in reducing GHG's."
Jim Payne, President and CEO of dynaCERT , stated, "As global diesel prices soar, dynaCERT continues to serve the private sector in Canada and internationally, including the forestry industry as well as private sector users of internal combustion engines in the logging industry. Our products help users to achieve sustainability and reduce global Greenhouse Gas Emissions. I applaud Fiorentino Bros. Construction Ltd. for their vision and commitment to contributing to a greener planet by reducing emissions."
About Fiorentino Bros. Contracting Ltd.
FBC is a full-service provider of heavy construction equipment to the logging, mining, earthmoving, and land development industry in the Kootenay region of southeastern British Columbia. This includes communities such as Cranbrook, Creston, Canal Flats, Invermere, Radium, Parson, Golden, Elkford, Fernie, and Sparwood.
Established in 1966, this second-generation, family-owned and operated company owns over 100 units of heavy equipment and a fleet of over 70 motor vehicles. Canfor, formerly Tembec Industries Inc., and earlier Crestbrook Forest Industries, has been one of the company's major customers since the 1960s.
About dynaCERT Inc.
dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment.
dynaCERT has received the Smart Sustainable Company Rating Seal after a rigorous analysis of Triple-A Analytics GmbH of Austria. This honourable distinction of dynaCERT and its HydraGEN™ Technology as it applies to the United Nations Sustainable Development Goals and United Nations Global Compact Principles, has been evaluated as "high", the highest global ranking in its category.
READER ADVISORY
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to Fiorentino Bros. Contracting Ltd. cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com . Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.
On Behalf of the Board
Murray James Payne, CEO
View source version on businesswire.com: https://www.businesswire.com/news/home/20221109005377/en/
Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@ dynaCERT .com
Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@ dynaCERT .com
